Mr. Speaker, my colleague mentioned the issue of pensions, which I agree is going to be in a grave situation over the next little while. It certainly will be when it comes to our CPP and guaranteed income supplement and OAS, but also from a private point of view and the security of our current pensions, especially those of direct benefit in nature.
I bring that up because he has the same issue that I have. The pensions at AbitibiBowater were devalued last year by 30%. There has been somewhat of a recovery, but nonetheless they are still devalued at this particular juncture. As the company is in bankruptcy proceedings, I would like him to comment on what the federal government can do to get involved in this particular situation and why this Speech from the Throne sheds absolutely no light on the issue of pension security.